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Technology Stocks : PUMA Technology

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To: Ted M who wrote (720)1/16/2000 11:45:00 PM
From: Rarebird  Read Replies (1) of 851
 
<To early to say the ride is over?>

Why is that? Are you basing your statement on hope and fantasy or on some sort of technical or fundamental analysis. Let's hear what you have to say of substance.

<Also, very premature to insult those who bought at $140.>

Why is that? Puma traded on pure momentum in December. The momentum is now gone. Time will indeed tell if the people who bought in the 140's were the last fools in terms of hoping for higher prices.

<The number one gainer of all listed stocks ( PUMA in case you didn't know) usually achieves that spot for a very definite reason.>

I made well over 3 times my investment in Puma last year, having bought at $36 ( and I posted my buy on this thread too). I set a price target last fall in the low to mid 70's by February 2000 but rode the momentum well past that point. I certainly was aware of its #1 status last year as it moved from $2.5 to 130.625 ( close on December 31).

Where's the beef for PUMA going back to $140+. It only got there on momentum.
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